You don’t need to be an economist either nor do you need any other kind of degree. The ship is sinking! It’s painfully obvious. Little children can understand this. Elementary school level math is enough to understand the certain demise of the US economy. Wake up people. This is a great video that breaks it down in layman’s terms in less than six minutes. Share it!
Reposted from The Burning Platform:
With the news over the weekend that Greece may be “officially” insolvent by September, and Spain/Italy not far behind, it’s probably a good time to look at the dire straits that the good old US is in as well.
One of the websites I frequent just submitted a post that shows just how bad things are here through a video that was uploaded to youtube back in March. The video was made by someone who was an accountant for 40 years, and in just 5 minutes he explains, using the governments own numbers, that the US is headed for financial collapse due to the soaring debt.